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$2,890,000
Toronto
1563 Bathurst Street, Toronto (Forest Hill South), Ontario, M5P3H8
This multi-family property in Toronto is for sale offering roughly 2,750 sq ft of space.
Exceptional development opportunity in prime Forest Hill South. Approved severance and minor variances in place for the creation of four residential lots, each intended for three-storey semi-detached dwellings. Approvals remain subject to conditions, including servicing and municipal requirements. Proposed lots offer efficient frontage and density, with approved relief for increased floor space index, reduced setbacks, and enhanced building envelopes. The property is currently tenanted, offering strong rental income and attractive holding potential during the development and permitting process. Property is being sold as-is. Buyer to verify all information and conduct their own due diligence regarding development potential and fulfillment of approval conditions. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 184 days on market, against an average age of 57 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell below asking price
Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This 8-bed multi-family in Toronto (Forest Hill South) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $2,890,000, about 29.2× the local median household income of $99,000.
Carrying it typically needs a household income of about $564,518 (20% down, 25-yr amortization, stress-tested) — roughly 470% above the area median.
Source: Statistics Canada, 2021 Census (FSA M5P)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice
